lou: tapering toussaint, as if we knew what time they should begin their tapered.elieve the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end u both in the markets and economy? >> first of all, the fed has already put a lot of money into the economy, and part of it is sitting at the banks. it has not been put to work yet. it will have the right benefits. next year gdp will be 3%. a 1950 target for s&p 500. lou: say that again. >> 1950, 195 tel. lou: you h